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Wartsila
Wärtsilä is a Finnish multinational corporation known for providing solutions and services for the marine and energy markets. Here’s an overview of the company:
Background and History:
- Founded: The company traces its roots back to 1834 when it was originally established as a sawmill in Tohmajärvi, Finland.
- Headquarters: Helsinki, Finland.
Business Segments:
Wärtsilä's operations are primarily divided into two main segments:
Marine Solutions:
- Products and Services: This segment provides a range of products including ship engines, propulsion systems, and machinery. They offer integrated solutions for the entire lifecycle of ships, promoting both efficiency and environmental sustainability.
- Customer Base: Commercial shipping, naval fleets, and offshore oil & gas industry.
Energy Solutions:
- Products and Services: Focuses on power plants and energy systems. They provide flexible power generation solutions, from individual engine-driven power plants to utility-scale power generation and storage solutions.
- Technology: Includes gas, liquid fuel, as well as hybrid power plants and renewable energy solutions.
Commitment to Sustainability:
- Environmental Impact: Wärtsilä is committed to promoting environmentally sound practices and technologies. This includes developing energy-efficient and low-emission solutions, such as hybrid and LNG (liquefied natural gas) propulsion systems for marine applications, and renewable energy integration in power plants.
- ESG Initiatives: The company is actively involved in recycling, waste reduction, and other sustainability programs.
Innovations and R&D:
Wärtsilä invests heavily in research and development to stay at the forefront of technological advancements. Areas of focus include digitalization, automation, and smart technologies for optimizing operational efficiency and reducing emissions.
Global Presence:
- Operations: Wärtsilä has a global presence with offices and facilities in over 200 locations in more than 70 countries.
- Employees: The company employs thousands of people worldwide, ensuring local support and after-sales services.
Financials:
As of the latest financial reports, Wärtsilä is a publicly traded company listed on the Nasdaq Helsinki. It has shown resilient financial performance with diversified revenue streams from its marine and energy sectors.
Future Outlook:
- Growth Strategy: Wärtsilä aims to leverage technological innovation and digitalization to expand its market share. The company focuses on partnerships, acquisitions, and expanding its service offerings to drive future growth.
- Market Trends: Increasing regulatory pressures for greener maritime operations and the global push towards renewable energy present significant opportunities for Wärtsilä.
In summary, Wärtsilä is a prominent player in both the marine and energy sectors, recognized for its commitment to innovation and sustainability. Its extensive experience, broad product portfolio, and global footprint position it well to address the evolving needs of these industries.
- Phone: +358 (0)10 709 5599
- Web: www.wartsila.com
Locations
Documents
Wartsila News
Wärtsilä Launches Low Loss Hybrid Energy System
![Wärtsilä's test facility is equipped to carry out full scale testing of the LLH integrated with Wärtsilä distribution system. (Photo: Wärtsilä)](https://images.marinelink.com/images/maritime/w200h200c/wrtsils-test-facility-is-equipped-32053.jpg)
Wärtsilä announced that it will launch its new Low Loss Hybrid (LLH) innovation at the ONS 2014 exhibition being held in Stavanger, Norway from August 25 to 28. The Wärtsilä LLH utilizes different power sources in combination with energy storage devices to operate the prime movers closest to their optimum performance. In addition to annual fuel savings of up to 15 percent, depending on the type and configuration of the engine and mission profile…
Wärtsilä System Chosen for New GoM LNG Facility
Wärtsilä says it has been awarded a contract for the control system of a shore-based liquefied natural gas (LNG) fuelling facility in Port Fourchon, Louisiana, USA.
Wärtsilä Wins Another Design Contract for Arctic Operations
A second confirmed design contract for Wärtsilä's new series of arctic platform supply vessels has been signed. This latest order is for a multi-purpose platform…
Wärtsilä to Design Gulf of Bothnia Ferry
![Wärtsilä wins ship design contract for environmentally sound Gulf of Bothnia ferry](https://images.marinelink.com/images/maritime/w200h200c/wrtsil-wins-ship-design-contract-31068.jpg)
Wärtsilä has been selected as the partner for designing a new ferry as part of the Midway Alignment of the Bothnian Corridor project. The scope of the design work will be both initial and basic design. The ferry is designed for sailing between Vaasa in Finland and Umeå in Sweden across the Gulf of Bothnia in the Baltic Sea. The contract was signed today, August 4. The new vessel is required to be innovative, efficient and environmentally sound.
Wärtsilä to Divest its Shares in Two-stroke JV
Wärtsilä announced that it will divest its shares in the Qingdao Qiyao Wärtsilä MHI Linshan Marine Diesel Co. Ltd. (QMD), the joint venture company established for…
Wärtsilä and CSSC in 2-stroke engine JV
Wärtsilä and China State Shipbuilding Corporation (CSSC) have signed an agreement to establish a joint venture, which will take over Wärtsilä’s 2-stroke engine business.
Good Profitability Noted in Wärtsilä H1 Interim Report
Wärtsilä and China State Shipbuilding Corporation announced the establishment of a joint venture, which will take over Wärtsilä's two-stroke engine business. Going forward…
Cruise Line Adds to Wärtsilä Maintenance Agreement
Wärtsilä says that two vessels have been added to the 5-year maintenance agreement between them and US-based Prestige Cruise Holdings, Inc. (the parent company of…
Wärtsilä Environmental Seal Systems First to Gain Recognition
Wärtsilä has received an important service level recognition for its Wärtsilä Airguard and Wärtsilä Oceanguard propeller shaft sealing systems from Lloyd's Register.
Wärtsilä Wins Floatel Equipment Contract
Wärtsilä informs that a new semi-submersible accommodation and construction vessel (floatel) being built for Floatel International AB, the Swedish offshore floatel owner and operator…
Wärtsilä Signs Extensive Services Supply Agreement
![Photo courtesy of Wärtsilä](https://images.marinelink.com/images/maritime/w200h200c/photo-courtesy-of-wrtsil-28548.jpg)
Wärtsilä has signed an extensive three-year services supply agreement with the Norwegian DOF Group in the end of April 2014. The agreement covers services for all Wärtsilä equipment, including engines and propulsion as well as electrical and automation systems, for DOF's vessels with Wärtsilä equipment operating in Norway, Brazil and Singapore. DOF Group is a global company that provides a comprehensive…
Wärtsilä to Power World's first LNG Fueled Icebreaker
![The new icebreaker built by Arctech Helsinki Shipyard for the Finnish Transport Agency and powered by Wärtsilä dual-fuel engines will be the most environmentally friendly icebreaker ever built.](https://images.marinelink.com/images/maritime/w200h200c/the-new-icebreaker-built-by-28488.jpg)
A new icebreaker being built by Arctech Helsinki Shipyard for the Finnish Transport Agency will be powered by Wärtsilä dual-fuel engines capable of operating on both liquefied natural gas (LNG) and low sulphur diesel fuel. When launched in late 2015, it will be the first LNG-powered icebreaker in the world. Wärtsilä's track record in dual-fuel engine technology was a crucial factor in the award of the contract.
New Eco-friendly Icebreaker to be Powered by Wärtsilä DF Engines
Wärtsilä says that a new icebreaker being built by Arctech Helsinki Shipyard for the Finnish Transport Agency will be powered by Wärtsilä dual-fuel engines capable…
Wärtsilä sells its JV shares to Transmashholding
Wärtsilä and Transmashholding have agreed that Wärtsilä will sell its 50 per cent share in the joint venture Wärtsilä TMH Diesel Engine Company LLC to Transmashholding, the other joint venture party.
Wärtsilä Unveil Afromax Tanker Design at Posidonia 2014
A new, highly efficient, Aframax tanker design offering practical and viable solutions that meet current and forthcoming emissions legislation was launched by Wärtsilä…
Wärtsilä Reinforces West Coast Presence with Seattle Facility
![Account Managers from Wärtsilä, Frank Shanahan and Richard Reynolds lead guests in an overview of trends in the natural gas engine market.](https://images.marinelink.com/images/maritime/w200h200c/account-managers-from-wrtsil-frank-27691.jpg)
Wärtsilä inaugurated its West Coast workshop in Seattle with a customer appreciation lunch on May 20, 2014. The event was held in the new facility located just minutes away from the Port of Seattle. Guests were invited to tour and learn about the comprehensive portfolio of services that Wärtsilä provides. The occasion opened with Frank Donnelly, Managing Director, Wärtsilä North America, Inc., welcoming the group and Walter Reggente…
Wärtsilä Receives Repeat Order from Evergas
![](https://images.marinelink.com/images/maritime/w200h200c/-27481.jpg)
Three new 27,000 cbm LNG/Multigas Carriers for Evergas, the Denmark based transporter of petrochemical gases and natural gas liquids, are to be built featuring the integrated Wärtsilä solution, comprising the main propulsion equipment, the gas fuel supply system, and the cargo handling system. This order is an extension of the one placed in 2013 for a series of three similar vessels. The ships are being built by the Sinopacific Offshore & Engineering (SOE) shipyard in China…
Evergas Order Wärtsilä Systems for New Multigas Carriers
The integrated Wärtsilä solution, comprising the main propulsion equipment, the gas fuel supply system, and the cargo handling system, has been ordered for 3 new state-of-the-art 27…
Wärtsilä Gas Units Selected for Largest Ever Spar Platform
A new spar platform being built for Statoil's Aasta Hansteen field off the coast of Norway will feature Wärtsilä's Inert Gas and Nitrogen Generator systems, the power solutions company said.
Wärtsilä Scrubbers for 6 Finnlines Vessels
![Wärtsilä scrubber systems are selected for six modern Ro-Ro vessels of Finnlines.](https://images.marinelink.com/images/maritime/w200h200c/wrtsil-scrubber-systems-are-selected-27323.jpg)
With new, more stringent sulphur oxide (SOx) emission regulations due to take effect January 2015, Finnlines has ordered Wärtsilä Exhaust Gas Cleaning Systems for six of its Baltic and North Sea fleet of vessels, Wärtsilä said. By selecting the scrubber systems, Wärtsilä said the vessels will be able to operate in compliance with the new environmental regulations while continuing to operate on heavy fuel oil.